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“We welcome today’s announcements by the Economic Secretary to the Treasury and the FCA and the close collaboration between Treasury, lenders and regulators which has led to them."
In Wednesday’s daily press briefing, Housing Secretary Robert Jenrick MP announced significant steps in reopening the England’s housing market by allowing people to move home and conduct property viewings – activities previously restricted by lockdown measures.
Following today’s announcement by the Economic Secretary to the Treasury to amend Lifetime ISA (LISA) rules to help those affected by Coronavirus, Brian Morris, BSA Head of Savings Policy comments.
One in seven mortgages are now covered by payment holidays following steps taken by lenders to help households whose finances have been affected by the Covid-19 crisis.
Due to the ongoing coronavirus crisis the BSA 2020 Annual Conference has been rescheduled to May 2021.
Young Money and the BSA have today launched a set of financial education materials for children, parents and carers to use while schools are closed.
To help home movers impacted by Covid-19, mortgage providers will give customers who have exchanged contracts the option to extend their mortgage offer for up to three months to enable them to move at a later date.
It is with deep regret that we have made the decision to postpone the BSA Conference.
Banks, building societies, the Post Office and credit unions are working closely with the FCA, the Prudential Regulation Authority and HM Treasury to maintain branch access for essential services (such as counter services or supporting a bereavement), balancing the needs of their customers with the safety and welfare of staff.
The banking and finance industry remains committed to supporting all customers who are impacted directly or indirectly by COVID-19 and has announced a series of measures to help them during this time.